Sentences with phrase «foreign ownership caps»

PBOC Governor Yi reiterated some key measures first announced in November, saying that foreign ownership caps on securities companies, fund managers and life insurers will be fully scrapped in three years.

Apr 17, 2018 (TREND News Agency via COMTEX)-- China will scrap foreign ownership caps on local auto companies by 2022 and will remove restrictions on new - energy vehicle ventures this year, a major shift that will open the market wider to carmakers from Nissan (7201.

Talk of an imminent Tesla move into the Chinese electric vehicle market has grown with Beijing's removal of foreign ownership caps, but the American company's arrival will be welcomed, according to the president of a Chinese electric vehicle start - up.

Not exact matches

The Chinese government has said that it will remove the strict ownership caps on EVs by the end of the year, allowing foreign companies to wholly own businesses in China.

Mr. Wang said on Sunday that China might go beyond its earlier offer to raise caps on foreign ownership in Chinese financial institutions.

He has also said a foreign - ownership cap of 49 per cent should remain in place for both sectors, and that loosened restrictions should apply to all industry players, not just capital - hungry new wireless entrants, but also the incumbent providers, such as BCE Inc., Telus Corp. and Rogers Communications Inc..

The company is subject to a cap of 49 percent on foreign ownership.

Beijing is removing caps on foreign ownership of automaker ventures, widening access to its critically important, high - margin car market.

Though China has made strides in opening its equity and bond markets to foreign investors, American banks and securities firms have complained for decades that China's ownership - cap policy marginalized them in one of the fastest - growing financial systems on the planet.

While China's regulators recently vowed to lift the limit that a foreign manager can own in a local mutual fund business to 51 percent, Vanguard's ownership structure prevents it from taking a stake capped at that level.

The big reforms expected to the change the face of the industry include easing the cap on foreign ownership.

Certain public statements indicate that an ownership cap of 12,000 hectares may be imposed on foreign persons.